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r ~ INDIVIC3Ll~~t,
<br />t9t3~ C3tq ~a~L~
<br />~~ QP'1'I~IVAL 1=CJPUFt~ l~t)V~1t~iC~a'
<br />S6kVING;S r`tliVda
<br />e l: QRM No. H2O P
<br />~;F,~ Loan Nurr~b2r___3 _978 __-- 188 _-- __1 _
<br />Type Branch
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<br />s~~ ~#~~: f ~ r
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<br />Tl"lIU Y4DI~T~AGE, trade and executed this ...-.--------------------f,3 day of -.'~.ar"~~............ A.D.,
<br />t4 ~~ be¢ween the Mortgagor, .. le~py. ^.'.r.. Schur-tz and Flyrtle ,?I. Soh=±ltz, husband and..-....----
<br />.._Kife.:. .7.ointlY._apd.-each,.in,-their c^???..=1$rt~-------------°-- ....._.- - ----- - _..-.._........_.....------
<br />of ...G~a:td...island._....----, county of .._........Hal,1<._ .............. State of ._ Nebraska_._.., hereinafter referred
<br />to as the l3ormwer, and the Mortgagee, FIRST FEDERAL SAVINGS AND Lt3AN ASSOCIATION dF
<br />LINCOLtV, 1285 "N" Street, I.incaln, Nebraska 6$501, its successors and assigns, hereinafter referred to
<br />as Lander.
<br />WITNE58ETH: That the Said 1'?:OTYOWer IOr and In COIISIdeIaLFan 41 GRe punt as .._.^..^-"~r.-.-.--~~~'------~-------
<br />__TIIOUSAi11}..,ANA..N4L.1-0.0____°~____~___~.~____~____~__~_Dallars (US ~._.2.~~QQO.(IQ_ __..--..-....)
<br />paid by said Lender, da€~s hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property Iocafed in the County of .._....Ila1d ............._..__----., State of Nebraska:
<br />n tract of Land comprising a part of the North One°Half {N~} of the Southwest Quarter (SW~}
<br />of Section 32, Township 12 *7orth, Range 9 West of the bth P.;f., ir. 11a11 County, Nebraska
<br />;:ore particularly described as follows: Seginaiag at the i:orthwest corner of the South Half
<br />{a r) of Section 31, Tawnsitip .2 South, Range ~ West; Tl-lence Southerly along the Westerly line
<br />of said section 31, a distance of 614.7$ feet; thence deflecting lift 90024`40" and running
<br />easterly, a distance of 1,437.79 feet to the actual pare of beginning; thence deflecting le€x
<br />89029°50" and ru^.ning northerly, a distance of 451.74 feet; thence deflecting right 90000' and
<br />running Eastlery, a distance of 483.84 feet; thence deflecting right 850op`10" and running
<br />Southerly, a distance of 51$.59 feet; thence deflecting right 94050'50^ and runningSEE(Co~CHED~
<br />TaGETHEB with all the improvements now or hereafter erected on the property, and ail Basemen IB1T
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, an A
<br />water stock, and all fixtures now or hereafter attached to the pmgerty, all of which, including replace-
<br />ments and additions thereto, shall be deemed to Ire and remain a part of the property covered by tI"iis
<br />Mar€ga~e; and all of the foregoing, together with said property {or the leasehold estate in the ev `this
<br />?afortgagc is an a :ea~eilald) era herein referred to as the "Property".
<br />°B,armwer cavenoits that Eorrower is lawf=.Ill;* se_sed of the Fatale hereby conveyed and nos the right
<br />to mortgage, grant and convey the Property, that the Property is unencturlbered, and that Harrower will
<br />warratxt and defend generally the title to the Property agais-tst all claims and demands, subject #o any
<br />easements and restrictions listed in a schedule of exceptions icl coverage in any title insurance parley irl-
<br />suring Lender's interest in fire Property, or (2) attorney's opir°lian of title from abstract of title certified
<br />by handed aIz trader.
<br />PeovrDtn ALWAYS, and theca presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations Uf t?~e Barmner, fa-wit:
<br />the var=^awer ag.ets to pay t;; the Lender, ar order, the p neipal sum of ---.islE.~:1~-FiVE..~OzfS@l~
<br />-..9.~~iD..iI4Llf}.0-..rn-----r----r_------°----.----------------Dollars (liS S....25,000-.OQ---_-,------....}
<br />payal;le as provided in a nete executed and delivered, concurrently herewith: the final payment of principal,
<br />of rat sooner paid, on 'the ... -gigst.._...-.. day of -..Sanuasy__._.__-....- -_.-., ~-2009
<br />UN*.FOx1t Covl:;_axTs. Borrower and Lender covenant and agree as foIlows:
<br />1. Payment of Principal and Interes#. $arrower shall promptly pay when due the principal of and in-
<br />tere~t an the indebtedness evidenced by the Note, prepayment and tale charges as provided to the ?v'ote,
<br />and t..e p= .,cipa~ ct and i=.t~r~y an ar=y Future Advances =ceased by tni> ici<gage.
<br />2. Funds lac Taxes and In.,ur~s±ce. Subject t~ Lender's option under paragraphs 4 and ti hereof, 3or-
<br />ravrer shall pay to Lender on i?~ day mant'r.Iy installments of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelf±h of the yearly taxes and
<br />assessments ~-hiclt may attain priority over this ~;lartgage, and ground rents an the Property, if any plus
<br />one-twelfth of yearly premium installments fo~• i,,zard insurance, plan one-twelfth of yearly premium in-
<br />st4l'sslenta far mortgage ins3zrs_nce, if any, all as reasonably estimated initially and from time to time by
<br />bender on the basis of assessments and hire and reasoru~ble estimates thereof, Lender shall apply the Funds
<br />t.o pay said taxes, assessments, insurance premiums and groan d rents- Lender shall make no charge foe so
<br />llalding and applying thA Funds oa verifying and compiling said assessments and biIIs. The Lender shall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and the vurnase for which each debit to the Funds way made. The Funds are pledged as additional
<br />security for the sums secured by this ?1~lort-gage. The Borrower agrees that the Funds may be held by the
<br />Lender acid eammimgled with ether funds and the Lender's own funds and the Lender may pay such items
<br />from its orvn funds and the Lender shall rat be liable far interest ox dividends on such Funds.
<br />If the a*~la*.tmt of the Funds Imld 1?y Lde~°, together a-ith the future monthly installments of Funds
<br />payable pitoi tsr life due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />~tlte amount required tc+ pay said txxe~, assessments, insurance premiums and grcwnd rents as they fall due,
<br />such excess shall be, at Borrower's optxan, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Fnrtds, If the amount of the Funds held by I.andar shall not he sufficient. to pay
<br />taxes, asse-s-; lettts, ii~ura.°I:.e premiu,~ns and gra::r-td rants as tl3€y £all slue, Borxawar shall pay to Lender
<br />any amount rtecessgy tc-make up the ddfleie ncy ~w~itlrin thirty days after notice from Lender tv Eorrower
<br />requestitig payment thereof, or Borrowex shall, Icy an increase in monthly instaIhnents of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in full of all sams secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against ail sums due.
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